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VAT Seminar to outline its most important characteristics at PACP proposal to implement a zero rate on a number of commodities and 166 countries implemented VAT


A seminar was held at PACP HQ recently regarding VAT, the seminar was attended by H. E.  Saud Nasser Al Shukaili, the Secretary General of Taxation and H.E. Dr.Said Khamis Al- Kaabi, PACP Chairman, with the participation by PACP officials and officials from the  Secretariat General for Taxation, in order to outline the most important characteristics of VAT which will be implemented in Oman in sync with all GCC countries in different time tables for each country.


Mr. Sulaiman Salim Al-Adi, the General Manager of Survey and Tax Agreements at the Secretariat General for Taxation, gave a presentation at the seminar covering the definition of the tax and the nations that implement the tax, the number of these nations exceeded 166 globally, emphasizing that the value upon which VAT is based is the total value borne by a counterpart individual in exchange for the same commodity or service.
Mr.Al-Adi added: There are many VAT transactions included under the basic-rate, zero-rate and exemption, confirming that the unified agreement for VAT in GCC has been signed by GCC Committee on Financial and Economic Cooperation in November of 2016, in accordance with the decision of the Supreme Council in its’ 36th session in Riyadh 2015. He further indicated that the agreement included the implementation of a basic rate of 5% of the imports or exports value, unless there is an article stipulating zero-tax rate or tax exemption on the same in the agreement.
Mr. Al-Adi added: the member state can impose a zero-tax rate on the food items listed in the agreed unified list by the committee, and that the agreement included stipulating rates on some of the export commodities, international transport, tax refund for tourists, mandatory registration, optional registration and exceptions, and added:
The Secretariat General for Taxation is cooperating with several agencies regarding the implementation of workshops, and training programs for taskforces in Oman and abroad, to define all what is included in VAT, and work is under way in drafting the VAT law by the Secretariat, he further stated that KSA and UAE approved the unified VAT agreement for the GCC and have issued their local legislations in the implementation of the agreement, and announced a date for the implementation of VAT at the beginning of 2018. Mr.Al-Adi indicated that the adjustable list of commodities that Oman is proposing to implement zero-tax rate on in the VAT system.



 No one imagined that greed and deviousness would reach such a staggering level that thought exist only in movies and investigative drama shows , yet it became a stark reality when some merchants sought to make a profit on the account of health and safety of the young and adults alike utilizing the God-given intellect that they posses into destruction and evil instead of serving public good , the devious plan used ( Back to school ) season by carving holes inside books and hiding chewing tobacco inside in away from the inspectors notice targeting the younger generation with these destructive materials that effect the health , mind and safety of our kids .
 The Judicial officers noticed that consumers come very frequently to a specific shop during one of the inspection tours which raised their suspicions to strengthening the monitoring and follow up on that matter , students were spotted in the shop as well , the Officers expediently intervened to inspect the shop , the inspection did not reveal anything at first , however , the officers noticed a stack of books and decided to inspect it , surprisingly , they found more than 600 pouches of chewing tobacco on its way to be sold and distributed on consumers and students , the officers immediately issued a violation and referred the case to the General Prosecution to deal with the matter as per the Law

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Sultanate of Oman